Date
Dec 2020
Region
New York
We are pleased to announce the sale of Wahl's Candies, Inc. to Fowler’s Chocolates. The acquisition closed December 2, 2020 and details were not disclosed.
Headquartered in Cheektowaga, New York and founded in 1938, Wahl’s Candies, Inc. (Wahl’s) is a manufacturer of gourmet chocolate-based confections, non-chocolate treats, and sponge candy. Wahl’s strives to make the very best products possible, using the purest, finest ingredients available. The Company produces and packages all of its confections in its own production facility and adheres to strict quality control standards and practices throughout the entire process.
Fowler’s Chocolates (Fowler’s), founded in 1910, and headquartered in Buffalo, New York, is the original and authentic sponge candy maker of Buffalo. Fowler’s now distributes fine confections such as sponge candy, almond butter crunch, sea salt caramels, chocolate covered popcorn, assorted truffles, and much more through its six retail locations in Western New York and its online store.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Moses Shmueli, with the support of Vice President, M&A, Tristan Keefe, successfully closed the deal. Senior Managing Director Brian Hendershot established the initial relationship with Wahl’s.
“The fit between Wahl’s Candies and Fowler’s Chocolates, two neighboring companies that have been providing sponge candy and other confectionaries for decades, was immediately obvious. The combination will enable Fowler’s to benefit from synergies and further solidify its position in the industry, while continuing the legacy of the Wahl’s family and providing it’s owners a transition into the next stage of their lives, knowing their customers and employees will be well-taken care of,” said Shmueli.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Food & Beverage M&A deals page.
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